Verra Mobility Corp (NASDAQ:VRRM) Stock Short Interest Report for September

Verra Mobility Corp (NASDAQ:VRRM) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 7,961,941 shares, a decline of 44.4% from the September 15th total of 14,332,749 shares. Approximately 5.3% of the company’s stock are sold short. Based on an average daily volume of 8,737,663 shares, the short-interest ratio is currently 0.9 days.

Verra Mobility Stock Performance

Shares of VRRM stock traded up $0.01 during midday trading on Thursday, hitting $2.94. The company had a trading volume of 2,844,750 shares, compared to its average volume of 4,495,861. The company has a debt-to-equity ratio of 4.58, a current ratio of 2.06 and a quick ratio of 1.96. The stock has a market cap of $447.59 million, a price-to-earnings ratio of 11.37 and a beta of 0.42. The company’s 50 day simple moving average is $3.83 and its 200 day simple moving average is $7.09. Verra Mobility has a 52-week low of $2.62 and a 52-week high of $25.45.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $263.59 million during the quarter, compared to analysts’ expectations of $254.81 million. Verra Mobility had a net margin of 4.40% and a return on equity of 64.39%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. Research analysts anticipate that Verra Mobility will post 1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VRRM has been the subject of several recent analyst reports. Zacks Research upgraded Verra Mobility from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. Morgan Stanley set a $5.00 price objective on shares of Verra Mobility in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d)” rating on shares of Verra Mobility in a report on Monday, September 14th. UBS Group increased their target price on shares of Verra Mobility from $4.00 to $6.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Verra Mobility from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday. Nine investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $6.83.

Hedge Funds Weigh In On Verra Mobility

A number of institutional investors and hedge funds have recently made changes to their positions in VRRM. River Road Asset Management LLC grew its stake in Verra Mobility by 441.6% in the fourth quarter. River Road Asset Management LLC now owns 2,984,760 shares of the company’s stock worth $66,888,000 after purchasing an additional 2,433,610 shares in the last quarter. Bank of America Corp DE grew its position in shares of Verra Mobility by 34.4% during the 1st quarter. Bank of America Corp DE now owns 1,576,119 shares of the company’s stock valued at $22,523,000 after buying an additional 403,638 shares during the last quarter. Sei Investments Co. raised its stake in Verra Mobility by 10.6% during the first quarter. Sei Investments Co. now owns 1,213,838 shares of the company’s stock worth $17,346,000 after acquiring an additional 115,968 shares during the period. Punch & Associates Investment Management Inc. lifted its holdings in Verra Mobility by 1.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,147,170 shares of the company’s stock worth $16,393,000 after acquiring an additional 19,610 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Verra Mobility by 206.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 935,021 shares of the company’s stock worth $13,361,000 after acquiring an additional 629,754 shares during the last quarter.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a smart mobility technology company that provides solutions designed to make transportation safer, more efficient and easier to manage. Its customers include government agencies, commercial fleets, rental car companies and other organizations that oversee vehicles, roads and transportation programs.

The company’s government solutions include automated traffic enforcement technologies and services, such as systems used to help administer red-light, speed, school-bus-stop-arm and other roadway safety programs.